Malaysia and Thailand's remarkable economic growth in recent decades has been widely attributed to rapid growth of their labor-intensive manufactured exports. This paper demonstrates the important role that resource-based products, especially simply processed goods, have played in their export...

This paper introduces a special issue on the microeconomics of Latin America under the New Economic Model (NEM). The paper reviews the rationale and policies of the NEM, and analyzes the impact of the reforms at the macroeconomic, sectoral and microeconomic levels. At the firm level, the...

This study examines the saving behavior of 18 Latin American countries in the 1976-2000 period compared to a group of 25 other middle-income developing countries. Over this period, Latin American saving rates have been consistently below the comparison group, despite extensive economic reforms...

Despite extensive economic reforms during the late 1980s/early 1990s, Latin America's saving rates remain low. This article examines the saving behaviour of 18 Latin American countries in the 1976-2000 period and compares it with that of 25 other developing countries. It finds that lower...